Geely Holding to explore deeper cooperation with Daimler

Geely automobile holding

China’s Geely Holding will explore the possibility of deeper cooperation with German automaker Daimler AG, its Chairman Li Shufu stated on Friday. Geely built a 9.69% stake in Daimler in 2018. The two companies established a China-based venture for building electric Smart cars and a separate premium ride-hailing venture. They also invested in Volocopter, a […]

Geely, Mercedes-Benz launch $780 million JV for electric cars

Geely automobile holding

Zhejiang Geely Holding Group and Mercedes-Benz on Wednesday stated they would each spend 2.7 billion yuan ($388.77 million) in a China-based venture to construct “premium and intelligent electrified” vehicles under the smart brand. The 50:50 venture has gained regulatory approval and will be based in the Chinese coastal city in Ningbo, the Chinese and German […]

Geely in deal to let Proton tap new-energy

Geely automobile holding

Chinese automaker Geely has agreed to expand its present partnership with Proton Holdings Berhad to upgrade the Malaysia automaker’s line-up of vehicles and power Proton go beyond Malaysia, part of continued effort to assist Proton establish a presence in China and other worldwide markets. In order to take Proton beyond Malaysia, Zhejiang Geely Holding Group […]

Volvo’s new models from 2019 to go all electric or hybrid

Volvo XC40

All Volvo vehicle models introduced after 2019 will be electric or hybrids, the automaker stated on Wednesday, making it the first significant traditional automaker to schedule a date for phasing out vehicles powered entirely by the internal combustion engine. The Sweden-based automaker will continue to produce pure combustion-engine Volvos from models released prior to that […]